⚫ The merger governance of 레제로 ($ZRO) + 스타게이트 ($STG) tokens is in progress. Is there an arbitrage opportunity? 레제로 @LayerZero_Core has announced that it will acquire the 스타게이트 @StargateFinance token this time. Since it originated from 레제로, the entities seem similar, but it looks like they are planning to combine them into one? Governance proposal ( ✔️ How will the token merger take place? - The price of the $STG token is calculated at $0.1675. - STG -> $ZRO conversion is planned (1 $STG = 0.08634 $ZRO). - It is expected to proceed after the final vote for 스타게이트. I see this as a very smart play. Both 레제로 and 스타게이트 tokens have been released, and now they are merging into one, which can be seen as 레제로 market cap + STG market cap = a new market cap for 레제로, well done! It feels like a declaration that 레제로 will start consolidating all tokens and gaining strength!! Currently, $STG = $0.1927 레제로 $ZRO = $2.45 Since the $STG price is being evaluated a bit lower, there are many plays aiming for hedging and profit. --------------- The determined conversion ratio afterwards 1 $STG = 0.08634 $ZRO Current $STG price = $0.1927 Current $ZRO price = $2.44 Current ratio -> 1 $STG = 0.0789 $ZRO If you short $ZRO by the planned conversion ratio after buying 스타게이트, you can expect about 10% profit upon completion of the conversion. The variable is when it will proceed (it could take a month or two) + funding fee (currently positive, but if it turns negative) #Layer #ZRO #STG #Stargate